The Acting Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, has allayed business owners’ fears about the moves by the federal revenue agency to increase the country’s tax-to-GDP ratio to 18% from 10.86%, saying attaining the target will not necessarily involving raising tax rates. Adedeji, who restated the President Bola Tinubu-led administration’s […]
Tag: GUINNESS
NGX Opens February Trading Positive, As Investors Gain N142Bn
Trading at the Nigerian Exchange (NGX) closed positive today amidst buy-interests and sell-offs as bulls dominated the session, thereby increasing the broad market performance Consequently, the equities market’s All-share Index (ASI) appreciated by 0.49% to close at 53,499.68 points while the market capitalization grew by N142 billion to close at N29.139 trillion. The market’s indices […]
Bears Regain Hold On Equities Market, As Investors Lose N33Bn
Bears overpowered the bulls in the struggle for Nigeria’s equities market’s control on Thursday, causing investors a loss of N32 billion at the close of the trading session. The bulls had on Wednesday dominated the market and secured a gain of N32 billion for the investors following impressive performance of a few blue chip stocks. […]